New Rate EA V1.0 MT5

Introduction

New Rate EA V1.0 MT5 is an automated trading Expert Advisor for MetaTrader 5 designed to help traders execute trades with consistent logic and reduced emotional decision-making. It’s built for traders who want a simple “set-and-run” style EA with risk controls and repeatable entries based on its internal signal rules.

Key Features

• Fully Automated Trading (MT5) – runs trades automatically based on preset conditions
• Risk Management Options – adjustable lot sizing, risk %, and max exposure controls
• SL/TP Support – uses Stop Loss and Take Profit (recommended for safer execution)
• Session/Time Filter – trade only during selected market sessions (if enabled)
• Spread/Slippage Filter – avoids entries when trading costs are high
• Drawdown Protection – optional limits to pause/stop trading during bad periods

Recommended Settings

• Timeframe: M15 or H1 (stable for most EAs)
• Pairs: Start with 1–2 major pairs (example: EURUSD, GBPUSD) before scaling
• Risk Per Trade: 0.5% to 1%
• Max Open Trades: 1–3 (keep it low initially)
• Stop Loss / Take Profit: Enabled (don’t run without protection unless strategy demands it)
• Broker: Low spread / fast execution (ECN or raw spread type is better)
• VPS: Recommended for stable 24/5 running

Backtest Result

• Results usually depend on pair, timeframe, broker spread/commission, and the exact date range.

• A realistic expectation from a decent EA setup is:

  • Steady equity curve with controlled drawdowns when risk is kept low

  • Performance changes during high-volatility news weeks

• Best practice: backtest on your broker’s data and then forward test on demo for 7–14 days.

Advantages

• Trades without emotions, follows fixed logic
• Can save time for traders who can’t monitor charts
• Risk controls allow safer scaling if used properly
• Good for disciplined execution (especially with VPS + low spread broker)

Disadvantages

• Not all market conditions suit one strategy (range vs trend issues)
• Performance can drop with high spreads, slippage, or bad broker execution
• Over-optimizing settings can make it look good in backtest but fail live
• Requires monitoring (no EA is truly “hands-free” forever)

Support & Disclaimer

Support

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

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Telegram Group: Join our community

Disclaimer: 

Forex and gold trading involve risk. Past performance doesn't guarantee future results. Always test robots on demo before live trading and use proper risk management.